Funding you earn now, next payment 03:00 UTC+0.0943%/8h= +103.3% APRnext payment +$1.18 per $10,000 · paid last 24h +0.251%
Price spread now: Coinbase International against Injective+1.613%7-day average +0.446% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.896%+$90 on $10k
+Price spread, last 4 days (all we have)−1.613%−$161 · spread now +1.613%, 7d avg +0.446%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Coinbase International is 1.167% dearer against Injective than usual: you sell high and buy low: +$117 more if the spread goes back to its 7-day average of +0.446%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective RENDER/USDC PERP | 1.8600 | −0.0223 | get 0.0028% / 1h | 57m 16s | $6K | $188K | 12x |
| Short | Coinbase International RENDER-PERP-INTX | 1.8900 | 0.0720 | get 0.0090% / 1h | 57m 16s | $155K | $57K | 50x |
Injective RENDER/USDC PERP
Coinbase International RENDER-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $198.06
- Price spread: +1.613% → +0.446%
- $116.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $304.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 17 min ago; Coinbase International: live order book, 1 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective live order book, 17 min ago | 60.80 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 18.82 bp | 80.5 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERPlong | −0.0223% | 1h | 1.8600 | long leg | $6K | $188K | 12x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8577 | −0.125% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8649 | +0.263% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8670 | +0.374% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8643 | +0.231% | $11.9M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8670 | +0.376% | $3.1M | $8.3M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8606 | +0.032% | $568K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8650 | +0.269% | $13.1M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8660 | +0.323% | $5.1M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8680 | +0.430% | $10.2M | $10.8M | 50x | as long as short |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8640 | +0.215% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8641 | +0.221% | $265K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8674 | +0.398% | $42K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8650 | +0.269% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8645 | +0.244% | $27K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8608 | +0.043% | $48K | $315K | 5x | as long as short |
| Aster RENDERUSDT | +0.0320% | 4h | 1.8654 | +0.289% | $270K | $144K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8610 | +0.054% | $592K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8633 | +0.180% | $16K | — | 100x | as long as short |
| Hyperliquid RENDER | +0.0522% | 1h | 1.8662 | +0.333% | $4.2M | $3.2M | 5x | as long as short |
| Coinbase International RENDER-PERP-INTXshort | +0.0720% | 1h | 1.8900 | +1.613% | $155K | $57K | 50x | |
| Kraken Futures PF_RENDERUSD | +0.1259% | 1h | 1.8670 | +0.374% | $485K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Hyperliquid RENDER
Kraken Futures PF_RENDERUSD